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General information |
Course unit name: Finance II
Course unit code: 364561
Academic year: 2025-2026
Coordinator: Emilio Batlle Molina
Department: Department of Business
Credits: 6
Single program: No definit
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Prior considerations |
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Some of the links to course materials are posted on the Virtual Campus. |
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face |
15 |
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- Practical exercises |
Face-to-face |
45 |
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Supervised project |
40 |
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Independent learning |
50 |
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Competences / Learning outcomes to be gained during study |
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CB3 - Ability to gather and interpret relevant data (usually within the field of study) to inform judgements that include reflection on relevant social, scientific or ethical issues. |
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CG8 - Capacity to communicate in English and/or other foreign languages orally and in writing, comprehension skills, and mastery of specialized language. |
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CG1 - Commitment to ethical practice (critical and self-critical skills and attitudes that comply with ethical and deontological principles). |
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CE10 - Ability to take planning and organizational decisions in an international busniess context. |
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CE9 - Ability to use quantitative methods to solve real problems in different business areas. |
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CE3 - Understanding of the structure and operation of international markets, to detect the potential implications of increasing internationalization and the new global framework. |
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CE1 - Capacity to analyse the international operations of business organizations and interpret their responses to economic, social, cultural and legislative factors in an international setting. |
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Learning objectives |
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Referring to knowledge — Become familiar with the main types of decisions in corporate finance, such as financing, investment projects and dividend decisions.
Referring to abilities, skills — Acquire an understanding of the specific financial techniques used for investment appraisal and company valuation.
Referring to attitudes, values and norms — Understand the subjectivity of financial decisions in real-life situations and understand the importance of ethics in the context of financial crises. |
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Teaching blocks |
1. Introduction to corporate finance
* Definition of a corporation; types of corporate financial decisions; financial crises
2. Mergers and acquisitions
* Reasons for M&A; types of M&A; process of buying and selling firms; due diligence and leveraged buyouts
3. Investment project analysis
* NPV; TIR; choosing between mutually exclusive projects; treatment of inflation and taxation; basic probability analysis applied to investment decisions
4. Capital structure, cost of capital and valuation of a firm
* Capital structure; financial leverage; WACC; valuation using multiples; DCF and expected dividends
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Teaching methods and general organization |
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The teaching methodology combines lectures with a practical component and complementary activities (case studies, exercises, IT practicals, etc.), completed individually or in small groups, either in class or at home. The teaching hours are distributed as follows: |
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Official assessment of learning outcomes |
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Continuous assessment
Examination-based assessment Single assessment consists of a final examination worth 100% of the final grade and covering the whole course syllabus.
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Reading and study resources |
Check availability in Cercabib
Book
BERK, Jonathan; DeMARZO, Peter M. Corporate finance. Boston : Pearson, 2014
BREALEY, Richard A., MYERS, Stewart C., ALLEN, Franklin. Principles of corporate finance. 12th ed. Maydenhead, Berkshire : McGraw-Hill Education, cop.2017
DAMODARAN, Aswath. Applied corporate finance : a user’s manual. 2nd ed. Hoboken, NJ : John Wiley & Sons, 2006
DURBAN OLIVA, Salvador (dir). Finanzas Corporativas. Madrid: Pirámide, 2017.
FERNÁNDEZ, Ana Isabel; GARCÍA OLALLA, Myriam. Las decisiones Financieras de la Empresa. Barcelona: Ariel, 1992.
MASCAREÑAS PÉREZ-IÑIGO, Juan. Fusiones, adquisiciones y valoración de empresas. 5a ed. Madrid : Ecobook, 2011
Versiķ en línia (6a ed., 2019)
MASCAREÑAS PÉREZ-IÑIGO, Juan (ed). Finanzas para directivos. Madrid: Pearson Educación, 2010.
SUÁREZ SUÁREZ, AS. Decisiones óptimas de inversión y financiación en la empresa. 22a ed. Madrid : Pirámide, 2014
Journal
Portillo Tarragona, María Pilar. El impacto fiscal en la selección de proyectos de inversión. Estrategia Financiera. Febrero de 2005, núm. 214, p. 28-35.